Cellecor Gadgets is a company that has done well in the past year. Today, its shares hit the upper circuit again, reaching Rs 54.40, which is a 5% increase.
This rise is believed to be due to a recent business update. Earlier this year, the company split its shares into 10 parts.
New Partnership with OSIA Hyper Retail
The update involves a new partnership with OSIA Hyper Retail.
Through this partnership, Cellecor Gadgets will sell its smart gadgets and other products at OSIA Hypermart stores in Gujarat.
OSIA Hypermart has locations in 15 cities across the state and offers a total retail space of 7.11 lakh square feet.
On October 7, Cellecor Gadgets informed the regulatory body that this partnership provides a strong platform for growth.
The company is optimistic and hopes to surpass Rs 100 crore in business within the next 12 months.
Details About the IPO
Cellecor Gadgets launched its IPO in September last year, setting the price between Rs 87 and Rs 92.
The IPO included 1,200 shares, allowing retail investors to gain at least Rs 1,10,400 crore.
The subscription for the IPO was very high, with 116 times the number of shares subscribed on the last day.
However, it had a flat listing, and the total size of the IPO was Rs 50.77 crore.
In August 2024, the company split its shares into 10 parts, reducing the face value of each share to Rs 1.
This is not investment advice. The stock market carries risks. Consult experts before making any investment decisions.
This information is about the company’s share performance and does not constitute investment advice from Live Hindustan.
